UK-based Rapyd, which also operates out of Singapore and Mumbai, is partnering with a number of Indian payments companies to create an all-in-one payment solution and a COVID-19 Solidarity Programme.
Rapyd said it will work with its partners to expand its Global Payments Network into the Indian market, and create a first-of-its-kind payment solution that spans credit and debit cards, UPI, wallets, and cash.
What’s more, it is also launching the Solidarity Programme to help businesses digitise, accept and make real-time digital payments, and optimise their business costs as they diversify internationally.
Its partners include Paytm Payments Bank, PhonePe, PayU, Citibank, DBS Bank, HDFC Bank, BharatPay and Unimoni.
The plan is to roll out a comprehensive payment service that allows international merchants to grow their business in India and helps Indian merchants to expand sales internationally and easily access over 900 locally-preferred payment methods around the world.
Mahesh Muraleedharan, Country Manager, Rapyd, said: “The roll-out of Rapyd’s Fintech as a Service platform in India will simplify access to India’s strongest payment brands in a single solution, solving scaling challenges in eCommerce, Fintech, lending, business services, and treasury management.
“We can give our customers access to faster, and truly borderless innovation, accelerating their time-to-market and helping India’s digital innovators to grow in India and beyond, and removing the complexities of managing product, tech, compliance, and operations.”